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Reports
Surge in the demand for smart, convenient, and sustainable packaging solutions across the beverages industry is expected to drive the sales growth in the global beverage containers market during the forecast period of 2021 to 2031. Beverage containers are manufactured using different types of materials including glass, plastic, paperboard, and metal.
An upcoming review by Transparency Market Research (TMR) delivers comprehensive assessment of key factors such as the growth drivers, growth restraints, and historical and present market trends in the global beverage containers market. This aside, it enlightens readers on the R&Ds, threats, challenges, and recent developments in the beverage containers market. In addition, the research report on the beverage containers industry provides trustworthy statistics on the share, volume, production, revenues, and sales of beverage containers.
In the TMR study, data and analysis of the global beverage containers market is presented in the form of different segments, which are based on parameters such as material, packaging format, end-use industry, and region. In terms of packaging format, the market is being driven by liquid cartons, bottles, bag-in-boxes, cans, and others.
With a rise in the working population, the spending power of people from developed and developing countries is being increasing globally. Hence, the demand for non-alcoholic and alcoholic beverages is being rising. This factor, in turn, is creating profitable prospects in the beverage containers market, state analysts at TMR.
Major beverages producers across the globe are inclining toward the use of inexpensive and lightweight packaging materials. Moreover, there has been a surge in the demand for bioplastics globally. These factors are fueling the business opportunities in the global beverage containers market.
Over the period of past few years, there has been increase in the use of glass bottles for recycling. As a result, the sales of glass beverage containers is being increasing, states a TMR study. This aside, the emergence of COVID-19 pandemic has led to rise in the inclination of global people toward the use of single-use plastic beverage drinks. Such factors are prognosticated to lead to lucrative opportunities in the global beverage containers market, states a TMR analysis.
The global beverage containers market is fairly fragmented in nature with the presence of many players. Hence, the competition levels in the market seems to be highly intense. Players are using diverse strategies such as new product launches, joint ventures, collaborations, partnerships, and mergers and acquisitions in order to stay ahead of the market competition, state analysts at TMR. Such strategies are also helping players to expand their regional reach. Companies are investing heavily in R&Ds in order to develop technologically advanced products. Such factors, in turn, are driving the growth of the global beverage containers market, as per the analysis by TMR.
The list of key players in the global beverage containers market includes:
The beverage containers market in North America is prognosticated to maintain its leading position during the forecast period due to factors such as improved spending power of the regional people, increase in urbanization, and rise in the consumer demand for packaged beverages. This aside, surge in the R&D activities by key players in North America is expected to impact positively on the growth trajectory of the regional market.
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Beverage Containers Market
